May 27, 2018  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Small Business News for Entrepreneurs

 

Small Business Finance News

 

Small Business Hiring May Be Up, Despite Disappointing National Jobs Data

Written by Ken Gaebler
Published: 4/9/2012

The March CBIZ Index shows the largest month-over-month SMB employment gain since June 2010.

According to the CBIZ Small Business Employment Index (SBEI), the small business community is experiencing significant gains in employment -- even though the U.S. Department of Labor's March job figures revealed slower than expected job growth for the economy as a whole.

Small Business Hiring Up CBIZ

Leveraging data from companies with 300 or fewer employees, the CBIZ Index showed that SMB employment increased by 1.66 percent during the month of March, substantially outpacing the .25 percent job growth reported in February.

Philip Noftsinger, business unit president for CBIZ Payroll Services, said, "This is the highest month-over-month growth since June 2010, and represents a growing trend across the marketplace that employment is healing at all levels. In addition, the number of firms adding workers versus no change or reductions was solid as well, demonstrating a broader based increase. We now have a solid trend in employment going into the spring."

In other findings, 28% of SMBs reported increasing employee headcount, while only 18% decreased staffing levels. However, many small business employers will look to April and May hiring figures to confirm the vitality of the current hiring trend.

"While our March report shows a 1.66 percent growth in small business employment, continued increases in the prices of fuel could lead to more guarded hiring, as costs to employers increase. We will watch closely to determine if the growth is sustainable given future cost pressures on small business seem likely," said Noftsinger.

Have Friends Who Might Like This Article?

Tweet via @gaeblerdotcom Share this on Twitter

Let them know on LinkedIn

Ready to Learn More? We Think You Might Like These Articles:

 


About Our Small Business News

If you enjoyed this article, you can find plenty more like it on our site. We cover the latest news stories for business owners. In addition to breaking news for entrepreneurs, we also have tons of how-to articles that cover common small business challenges like writing a business plan, preparing a marketing plan, working with family members and much more.

 

 

Additional Resources for Entrepreneurs

Help for Native American Entrepreneurs

Resources for Gay Entrepreneurs

Businesses for Sale

Online Entrepreneur Tools

Economics

Lists of Small Business Incubators

Lists of Angel Investors